Has anyone ever used NASE health insurance, and if you have please let me know what you think of the company?

Question

Has anyone ever used NASE health insurance, and if you have please let me know what you think of the company. I just signed up for the insurance and have been hearing mixed reviews nothing all that great but alot of negitive remarks. Can anyone provide solid info on the company?

Answer 1

NASE is horrible.  They are not Major Medical insurance.  They offer coverage through mid-west national and mega-life.  They have such a bad name here in Texas that they no longer use the NASE association when they market their S____.  I use that word because that is what they are.  You can find a great agent in your area that only sells Major Medical by going to http://www.lvhealthins.com  That is where I bought my insurance and they only sell major medical.  My cousin had them and the paid 300 dollars on a 3500.00 hernia repair because it was an outpatient procedure.  Most states give you up to 30 days to ask for a full refund.

Answer 2

It is not major medical, it is a hospital certificate.

Mega (NASE) deductible is per confinement, which means if you go into the hospital 3 times in one year you have 3 deductibles to meet. Most plans’ deductible is per year.

Lifetime maximum for Mega is $1 Million. Major medical plans are $2 to $8 Million.

Mega has an annual maximum per illness of $500,000. Most Major medical have NO annual maximums.

Depending upon the policy, Mega will only pay UP to $500 per day if you are admitted to the hospital. Average daily hospital cost - $3000, Average stay – Three days. For the average hospital stay MEGA will pay up to $1500, you will pay $7500.

Depending upon the policy, Mega will only pay UP to $1500 per day if you are in ICU. Average cost - $8000, Average stay – Two days. For the average ICU stay MEGA will pay up to $3000, you will pay $13,000. Since most people (unless they’re dead) have a hospital stay after the ICU stay you can add in the figures from the previous paragraph.

Doctor visits while you are in the hospital is limited to $50 per visit and limited to ONE visit per day. Average cost - $120, Average number of daily visits – TWO. For the average 3 day hospital stay MEGA will pay $150, you will pay $570.

Ambulance transport is limited to $250 per trip and payable only if you are admitted to the hospital. If you are transported to the ER and not admitted - no benefits. The average cost for ambulance - $1000. For the ambulance (if you are admitted to the hospital) MEGA will pay $250, you will pay $750. For the ambulance (if you are NOT admitted to the hospital) MEGA will pay $0, you will pay $1000.

Air ambulance is not covered unless additional rider purchased. Maximum benefits with Mega are $3500. Average cost - $12,000. Your bill - $8500.

Many other limitations for: miscellaneous hospital inpatient charges, inpatient and outpatient surgery, routine physicals, anesthesiologist and more. Plus you have to pay the expensive yearly dues.

Answer 3

I agree with the answer above.  NASE should not be marketed as health insurance, it is hospitilization insurance.  It pays very little unless you admitted to the hospital.  I have had clients who cancelled their health insurance with me to go with NASE only to return as soon as they file their first claim and find out what it really does and does not cover.  

Now, if you can cover all of your cost that are not related to a hospital stay and take care of the huge deductibles and copays, it might work for you.  Most people can't.

Answer 4

My opinion is the same as the other professionals here.  

MEGA Life and the NASE have been under investigation at both state and federal levels, and this has create a great deal of concern in the opinion of many industry people and observers.  

In my personal experience, I find that they hire non-qualified people to sell a non-insurance plan, which can create lots of opportunities for mis-communication and mis-understanding.